Posted on 06/10/2015 8:23:35 AM PDT by Citizen Zed
Trade in U.S. stock futures pointed to a slightly higher open for Wall Street shares on Wednesday, as focus once again turned to rising yields in government bond markets.
The yield on the benchmark 10-year Treasury climbed to a new eight-month peak of around 2.47 percent in the European session, pulled higher as the German Bund yield pushed above the 1-percent psychological barrier.
In morning London trade, stock futures for the Dow Jones industrial average, S&P 500 and Nasdaq all traded in positive territory.
There is no significant economic data due this session.Total weekly mortgage application volume jumped 8.4 percent on a seasonally adjusted basis as buyers rushed to get mortgages ahead of rising rates.
The Census Bureau's Quarterly Services Survey for the first quarter is due at 10 a.m. ET.
(Excerpt) Read more at cnbc.com ...
Stocks are on a tear today, as DOW is up 250 points.
Buy the dips will keep the market afloat until fall season.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.